Growth Hormone Market Analysis
The Global Growth Hormone Market is predicted to expand at an impressive 7.50% CAGR over the forecast period (2018-2023). Growth hormone (GH) popularly known as somatotropin or growth hormone (HGH) is a peptide hormone which stimulates growth, cell regeneration and cell reproduction in humans as well as animals. Thus, it is crucial in human development. Major functions of such hormones include boost DE iodination of T4-T3, stimulate the immune system, cutdown uptake of glucose, stimulates growth of internal organs except the brain, increases protein synthesis, plays a pivotal part in homeostasis, promotes lipolysis, increase muscle mass, strengthen and increase mineralization of bones, increase calcium retention and increase height during childhood.
There are plentiful factors that is boosting the growth of the growth hormone market. These factors as per the Market Research Future (MRFR) report include increasing incidences of serious chronic diseases, technological developments, creation of top-quality healthcare solutions, increased healthcare expenditure, burgeoning need for growth hormone medicines, growing occurrence of deficiency diseases related to growth hormone, and advancements namely recombinant DNA technology used for making growth hormone drugs. Besides, many key players are investing greatly and also collaborating for the R&D of growth hormone drugs that is driving the market growth. On the contrary, lack of awareness, strict regulatory approvals, adverse effects related with the use of synthetic growth hormones and low penetration of latest healthcare solutions are factors that may deter the growth hormone market growth over the forecast period.
Growth Hormone Market Segmentation
MRFR report provides an extensive segmental analysis of the growth hormone market on the basis of route of administration, brand, distribution channel and application.
Based on brand, it is segmented into omnitrope, sainzen, mumatrope, genotropin, norditropin and others. Of these, norditropin will have the maximum share in the market over the forecast period.
Based on application, the growth hormone market is segmented into prader-willi syndrome, turner syndrome, small for gestational age, idiopathic short stature, growth hormone deficiency and others. Of these, growth hormone deficiency will lead the market over the forecast period.
Based on route of administration, it is segmented into oral, intravenous, intramuscular and subcutaneous. Of these, subcutaneous will dominate the market over the forecast period.
Based on distribution channel, the growth hormone market is segmented into e-commerce websites, retail pharmacies, clinics and hospital pharmacies. Of these, hospital pharmacies will have maximum share in the market over the forecast period.
Growth Hormone Market Regional Analysis
By region, the growth hormone market covers growth opportunities and latest trends across Americas, Asia Pacific, Europe and Middle East and Africa. Of these, Americas will garner highest share in the market owing to widespread awareness about growth hormone amid consumers, high healthcare spending and increasing incidence of growth hormone deficiency. The growth hormone market in the European region will have the second major share followed by Asia Pacific. Sales of such hormones in GCC countries too have picked up pace that brings the Middle East and Africa under the radar of market experts operating on the global level.
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Growth Hormone Market Key Players
Leading players profiled in the growth hormone market include Lifetech Labs, Ipsen S.A., Merck KGaA, Zhongshan Hygene Biopharm Co. Ltd., Biopartners GmbH, Novartis AG, Genetech Inc., GeneScience Pharmaceuticals Co. Ltd., Eli Lilly and Company, Anhui Anke Biotechnology Co. Ltd., Novo Nordisk A/S, and Pfizer Inc.
April 2019- Researchers in Brazil at the University of SAO Paulo have come upon that growth hormone that stimulates linear bone growth and skeletal maturation and also maintains organs and tissue throughout life can also act on the brain directly for conserving energy as the body sheds weight. GH receptors are available in the tissue and muscle, organs and the liver that is involved in growth metabolism directly, yet these researchers have discovered that the brain too is full of such receptors and it is entirely new. They have indeed discovered that brain GH along with being involved in growth metabolism also influences the metabolic responses which conserve energy when a person is on a diet or is hungry.
